Business & Finance Wealth Building

12 Commandments of Accumulating Wealth

1.
Aim yourself for money and money alone The will be sole purpose of accumulating wealth.
Once you seek for money and money only you will find it.
2.
Know your strengths and weaknesses Your strengths and weaknesses will be your guide to richness and accumulating wealth.
Ask yourself what you are good at.
Then build your business on it.
Let's say you're a golfer and you have an eye for good clubs.
Let it that be your strength and build on it.
Most businessmen fail because they don't know what they are good at.
Why will you make business when you don't know what the business is all about.
Don't just invest because it is booming; learn to know what the field is and you should have an interest on it.
3.
Have yourself your own business Having your own sole proprietor business is the key on accumulating wealth in exponential.
You get to have all the profit without even sharing a tiny bit to anyone.
But the backside of it is you get to work on it on your own.
All the hard work is in you and you alone will pay all the consequences if it fails.
4.
Be ambitious Always have a future outlook of where you will be with your business in span of years.
Be ambitious it will then your motivational factor to keep going on even hard times will block in your way.
5.
Wake up early, start early It's always a good work when you have full of energy, right? The earlier you wake up the more you finish your work.
6.
Execute just don't make plans and goal setting Plans and goals are still important.
Well, it doesn't count if you don't implement it.
Execute what you made and set.
Don't just make your goals and then leave them behind.
Remember plans and goals are just milestone you want to do.
Executing is the appropriate thing to do.
7.
Accept Failure Fail so you can succeed.
A baby can didn't learn to walk immediately it will still stumble many times.
If you fail reassess the whole business plan.
Where did it go wrong? What made it fail? and other questions that leads to its failure.
Once answered and learn from that failing experience that will then be the lesson nobody can teach.
Failing is natural to a man, accept failures and move on.
8.
Location doesn't matter There are means that you get to have a lot of customers.
Location now is not that important.
You can use advertisement and other promotional activities to let the market know that merchandise you're selling are the things they need.
9.
Secure your morals Business is still business.
Always remain on a high moral to get to the top.
10.
The more sales the more you earn Embrace every bit of sale you get.
Even the slightest sale you can have.
Sales are the ones that give profit so accept even the minimal order.
11.
Follow the best If you want to copy some business, copy the best in the market.
The frame of their business, strategies, advertisement and promotional activities, and other things that made it successful.
Then put some twist on it, or add some additional things that will make it your own.
12.
Continue on.
Do not retire.
Amass all the wealth that you can get.
Make it your life sole purpose.


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